Personal Consumption Expenditures (PCE) inflation update

This morning (6/1/09) the Bureau of Economic Analysis (BEA) released the April Personal Income report. Below is a 5 year chart of the headline and core PCE inflation rate. In April, the headline rate fell to +0.44% year-over-year and the core rate rose to +1.89% year-over-year. One thing is very obvious from this chart – nobody should be worried about inflation right now. In fact, if you were an FOMC member, you would be doing your best to generate inflation based on the latest figures.


  • Digg
  • Facebook
  • Google Bookmarks
  • Reddit
  • Slashdot
  • StumbleUpon
  • email
  • LinkedIn
  • RSS
  • Suggest to Techmeme via Twitter
  • Twitter